Governance

Netum is a Finnish public limited liability company whose shares are listed on the Nasdaq Helsinki First North Growth Market Finland marketplace. In accordance with the Finnish Limited Liability Companies Act and Netum’s Articles of Association, the company’s governance and management are divided among the General Meeting of Shareholders, the Board of Directors, and the CEO.

The highest decision-making body of Netum is the General Meeting of Shareholders, which decides on matters assigned to it under the Limited Liability Companies Act.

The Board of Directors is responsible for the general governance of the company and for ensuring the proper organisation of its operations. The Board supervises and guides Netum’s executive management, appoints and dismisses the CEO, and approves significant decisions concerning the company’s strategy, investments, organisation, executive remuneration, and financing.

The CEO is responsible for implementing Netum’s strategy and managing the company’s day-to-day operations in accordance with the instructions and guidelines issued by the Board of Directors. The CEO is supported by the Management Team.

Netum’s operations are also governed by its Articles of Association and the Board of Directors’ Charter. In all governance and decision-making, Netum complies with Finnish legislation, the rules of the Nasdaq First North Growth Market Finland marketplace, the company’s Articles of Association, and other applicable regulations. In addition, Netum’s operations are guided by its values and internal policies.

Netum does not comply with the Corporate Governance Code issued by the Finnish Securities Market Association, which is voluntary for companies listed on the First North Growth Market, as the company considers such compliance unjustified given its size and the scope of its business operations.